Big Lots (BIG) reported earnings on Fri 8/26/16 (a/h)

** charts before earnings **

** charts after earnings **

Big Lots beats by $0.06, misses on revs; guides Q3 EPS in-line; guides Q4 (Jan) EPS in-line; Q2 comps +0.3%  :

• Reports Q2 (Jul) earnings of $0.52 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $0.46; revenues fell 0.5% year/year to $1.2 bln vs the $1.22 bln Capital IQ Consensus. Q2 Comparable store sales increased 0.3% for the quarter, compared to our guidance of flat to an increase of 2%.
• Co issues in-line guidance for Q3, sees EPS of ($0.04) - $0.01, excluding non-recurring items, vs. ($0.03) Capital IQ Consensus Estimate. Provides initial Q3 guidance for comparable store sales in the range of flattish to +2%.
• Co issues in-line guidance for Q4 (Jan), sees EPS of $2.18-2.23 vs. $2.21 Capital IQ Consensus Estimate. Provides initial Q4 guidance for comparable store sales in the range of flattish to +2%.